Raymond James & Associates cut its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Free Report) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,992,594 shares of the company’s stock after selling 16,757 shares during the period. Raymond James & Associates’ holdings in BlackRock Innovation and Growth Term Trust were worth $15,642,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BIGZ. UBS Group AG grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 75.6% during the 1st quarter. UBS Group AG now owns 3,898,263 shares of the company’s stock worth $44,401,000 after purchasing an additional 1,677,919 shares during the period. Bank of America Corp DE increased its position in shares of BlackRock Innovation and Growth Term Trust by 5.6% during the first quarter. Bank of America Corp DE now owns 2,696,212 shares of the company’s stock valued at $21,651,000 after acquiring an additional 142,582 shares during the last quarter. Clough Capital Partners L P increased its position in shares of BlackRock Innovation and Growth Term Trust by 3.9% during the first quarter. Clough Capital Partners L P now owns 2,318,226 shares of the company’s stock valued at $18,616,000 after acquiring an additional 87,879 shares during the last quarter. Logan Stone Capital LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 605.0% in the 4th quarter. Logan Stone Capital LLC now owns 1,464,392 shares of the company’s stock valued at $9,973,000 after acquiring an additional 1,256,691 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 16.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,140,499 shares of the company’s stock worth $9,158,000 after acquiring an additional 162,372 shares during the last quarter.
Insider Activity
In other news, major shareholder Saba Capital Management, L.P. bought 148,596 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of $6.82 per share, with a total value of $1,013,424.72. Following the purchase, the insider now owns 23,143,784 shares in the company, valued at $157,840,606.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 1,761,034 shares of company stock valued at $12,116,046.
BlackRock Innovation and Growth Term Trust Stock Down 2.3 %
BlackRock Innovation and Growth Term Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be given a dividend of $0.0456 per share. The ex-dividend date is Friday, October 13th. This represents a $0.55 annualized dividend and a dividend yield of 8.01%.
BlackRock Innovation and Growth Term Trust Company Profile
BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.
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